Calstrs committed $5.5bn to private equity funds in first half

The pension fund’s first-half commitments include more than $1.5bn spread across three Blackstone Group funds

By

Chris Cumming

Updated: August 30, 2019 9:32 am GMT

The nation’s second-largest public pension fund doubled down on big private equity managers in the first half, including making a major new commitment to Blackstone Group.

The California State Teachers’ Retirement System, which manages $241.3bn for schoolteachers and other beneficiaries, committed $5.5bn across 30 private equity investments in 2019’s first half, according to the latest review of its private equity programme.